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Yandex NV (YNDX): Today's Featured Internet Laggard

Yandex (
YNDX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Yandex fell $0.36 (-1.3%) to $27.70 on average volume. Throughout the day, 2,074,316 shares of Yandex exchanged hands as compared to its average daily volume of 2,350,000 shares. The stock ranged in price between $27.58-$28.21 after having opened the day at $28.05 as compared to the previous trading day's close of $28.06. Other companies within the Internet industry that declined today were:
Local (
LOCM), down 9.1%,
Net Element International (
NETE), down 8.7%,
Tremor Video (
TRMR), down 7.6% and
Youku Tudou (
YOKU), down 4.8%.

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. Yandex has a market cap of $6.4 billion and is part of the technology sector. The company has a P/E ratio of 33.6, above the S&P 500 P/E ratio of 17.7. Shares are up 28.4% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates
Yandex as a
hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's revenue growth has not been good.